In the latest report on the world economic outlook, the International Monetary Fund (IMF) lowered its global growth forecast to 3.5% in 2019 as against 3.7% expected in October.
The IM also expects Chinese economic slowdown to continue and now foresee 6.2% growth for this year and next, though warned that economic activity may fall short of expectations if trade tensions persist.
Additional highlights:
“¢ Euro growth forecast cut to 1.6% from 1.9% projected in October.
“¢ Maintains US growth forecast at 2.5% in 2019 and 1.8% in 2020.
“¢ Further escalation of trade tensions remained a key source of risk to the outlook.
“¢ The risk to global growth is now tilted to the downside.
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